Linens 'n Things cuts forecast to loss

JohnIttner

NEW YORK (MarketWatch)-- Linens 'n Things, Inc.
LIN, +0.18%
said on Friday that it is updating its second-quarter 2005 earnings outlook to a loss in the range of 11 cents to 15 cents per share from the previous outlook of earnings of 3 cents to 9 cents a share. Comparable net sales for the period ending July 2 are expected to decline in the mid-to-high single digit range. The company said problems with the timing of product transitions adversely affected earnings. Linens shares fell five cents to $23.55 in Thursday trading.

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